We want the truth, the whole truth and nothing but the truth; but we may not be getting the "whole truth" from Bank of America.
We've been trying to track down Bank of America for a week in regards to Nicole DePuy's situation. She's a Cape Coral woman who fought to have her loan modified by the bank and finally won; however, her house was still scheduled to go up for auction. Bank of America assured her as soon as she started paying her new, modified loan amount, that the house would be pulled from auction. It wasn't. And Nicole didn't know until the new owners came a knocking-- telling her to be out by the end of July!
Finally, right before our story about Nicole aired last night (July 26, 2010), Bank of America called Nicole to explain they were working with the property group that bought Nicole's house to come up with a solution. We were not able to confirm this with Bank of America but we did get in touch with the property group that bought Nicole's home. They tell us: BANK OF AMERICA HAS NEVER CONTACTED THEM!
In fact, the property group that now owns Nicole's home tells us that Bank of America, from the beginning, has told them that they've always wanted to foreclose on and sell Nicole's home. Again, we're still trying to get in touch with Bank of America to get its side.
Bank of America has told us, however, that it has contacted Nicole and is working on a solution.
So what's the truth? We're trying to get it! Tune in to WINK News tonight, July 27th at 6pm to find out what we're now being told now!
To watch Nicole's full story, click on this link.
My husband was laid off in 2008 after working for the same company for six years. My mom helped us pay our mortgage. He found a job nearly five months later with a $600 month decrease in pay. I was three weeks late on the mortgage when Chase sent me a notice that we were eligible for help. They offered a forbearance plan. I called and asked to apply for HAMP. They told me that I had to be delinquent on our mortgage to qualify. So we paid the forbearance payments for six months. Then entered into a trial plan for six months. During the fifth month I contacted the Executive office at Chase. I received a letter stating that I was approved for a permanent loan modification. I had not received the paperwork three weeks later so I called the executive office back. I received a letter a week later stating that I was denied a loan modification because my mortgage was less then 31% of our income. Our mortgage is 37% of our income. They were adding 25% onto my disability to level the playing field because I don't pay taxes on my income which is not true because I file jointly w/ my husband and together we surpass the cutoff for the IRS. Now we are "possibly" being approved after 14 months but our payment is $75 less then our original mortgage payment and $300 more then the original payment we were approved for. I am at my wits end and ready to walk. Anyone want to exchange notes?
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